Credit Exceptions Risk Analyst (5562)

TD Bank; Toronto; On-site; CAD 70,000 - 98,000; Full time

Job summary

TD Bank in Toronto is seeking an Analyst for the Credit Exception Management team within Market Risk and Counterparty Analytics. The role focuses on analyzing, reporting, and monitoring risk exposures to ensure adherence to counterparty limits and supporting new or revised facilities.

You will collaborate with credit risk management, global markets credit, front office, audit, and technology teams, performing ad-hoc analyses and driving process improvements while maintaining strong governance

Qualifications

• Knowledge of financial products and counterparty risk in capital markets.
• Strong analytical and investigative abilities with attention to detail.
• Excellent communication and interpersonal skills.
• Able to manage multiple tasks with good organizational skills.
• Experience with complex systems and risk management is a plus.

Responsibilities

• Manage Counterparty Credit Risk by investigating and escalating credit excesses at the facility level.
• Generate accurate reports to measure and report on exposures per reporting guidelines.
• Ensure risks within portfolios are correctly measured, aggregated, and analyzed per CAIRO limits.
• Provide analysis, reporting and monitoring of risk exposures and adherence to internal standards.
• Record and explain late or missing reports and related process metrics.
• Propose, schedule, plan and champion projects to improve efficiencies.
• Execute infrastructure changes with regards to implementation of new or revised policies.
• Maintain governance and internal control processes.
• Manage operational risk including cross-training and audits.
• Liaise with front office traders, Credit Risk Management, Global Markets Credit, audit, technology groups.
• Perform ad-hoc analyses of metrics/exposures/transactions as required by management.
• Maintain understanding of derivatives risk modeling principles.

Skills

Counterparty credit risk

Capital Markets

Analytical skills

Communication skills

Organizational skills

SQL

VBA

Python

Artificial Intelligence

Risk management experience

Tools

SQL

VBA

Python

Artificial Intelligence

Job description

Work Location: Toronto, Ontario, Canada

Hours: 37.5

Line of Business: Risk Management

Pay Details: $69,700 - $98,400 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description

Department Overview

The Market Risk and Counterparty Analytics area is part of the TD Bank Corporate Risk Management function. Our teams are accountable for the Market Risk, Counterparty Credit Risk, and Collateral activities of The Bank's global trading activities. We support trading and non-trading business initiatives, inform an array of risk management decisions, and facilitate business through managing evolving front office needs, while ensuring appropriate capture and control of risk.

The Counterparty Risk Analytics team is responsible for a number of activities related to the quantitative analysis of credit risk, policy implementations, and exception management across a number of trading and non-trading businesses within TD Bank Group.

Job Description

An Analyst within the Credit Exception Management team will primarily focused on analysis, reporting, and monitoring of risk exposures ensuring that they are in accordance with established counterparty credit limits. The incumbent is expected to execute on infrastructure changes with regards to new or revised credit facilities.

The role will involve close partnership and interaction with a wide range of areas, including credit risk management, global markets credit, market risk control, front office, audit, and change delivery. As a result, the successful candidate will be required to possess strong communication skills.

Responsibilities

• Manage Counterparty Credit Risk by investigating and escalating credit excesses at the facility level.
• Generate accurate and complete processes to measure and report on exposures ensuring that all reports are submitted as per reporting guidelines.
• Ensure risks within portfolios covered are correctly measured, aggregated, and analyzed in accordance with established and approved CAIRO counterparty limits.
• Provide analysis, reporting and monitoring of risk exposures and adhere to internal standards with regards to violations and the escalation of production issues.
• Ensure that all late or missing reports and related process metrics are recorded, documented and explained appropriately.
• Propose, schedule, plan and champion projects to improve efficiencies in order to provide more effective business support.
• Execute infrastructure changes with regards to implementation of new or revised policies or processes.
• Ensure internal control processes are adequate and documented appropriately as per the governance standards including establishing appropriate review and assessment of the quality of outputs based on business standards.
• Manage operational risk (e.g., cross-training, documentation, and audit).
• Liaise closely with the Bank's front office traders, Credit Risk Management, Global Markets Credit, audit, technology groups, and other stakeholders to assist in meeting the Bank's objectives.
• Perform ad-hoc analyses of specific metrics/exposures/transactions as required by management and stakeholders.
• Maintain a good understanding of the analytical principles underlying the risk management of financial derivatives, including issues that arise regarding financial modeling of products for risk purposes

Job Requirements

• Strong knowledge of financial products, counterparty credit risk and Capital Markets
• Self-starter with a high degree of initiative and the ability to learn and adapt quickly
• Sound financial acumen, specifically exceptional investigation, analytical skills and attention to detail. Ability to synthesize information on complex issues and make judgment calls
• Excellent interpersonal and communication skills to communicate complex information clearly
• Strong organizational, follow-up and priority-setting skills to handle multiple tasks
• Experience of working with complex systems
• Experience with performing impact assessments, drafting requirements, and performing testing for projects
• Experience in Risk Management roles is a plus
• Working knowledge of technical tools (SQL/VBA/Python/Artificial Intelligence) is a plus

Who We Are

TD is one of the world's leading global financial institutions and is